Examinando por Materia "Reestructuración de deuda"

Mostrando 1 - 2 de 2
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    Determinantes financieros del fracaso empresarial en Colombia
    (Universidad EAFIT, 2021) Vega Cabrera, Ana Patricia; Garzón Garzón, Ramón; Restrepo Tobón, Diego Alexander
    This project identifies the financial variables that determine business failure in Colombia from 1995 to 2018, controlling factors such as fixed time and macro-sector effects for lagged values of the variables at one, two and three years. The financial indicators which turned out to better explain business failure were determined based on the financial statements reported by Colombian companies to the Enterprise Information System (Sistema de Información Empresarial, SIREM), of Superintendencia de Sociedades, and through logistic regression logit model analysis. As a result, the most relevant variables which measure the probability of bankruptcy for a company are related to liquidity (Available / sales and current assets / total assets), solvency (Total liabilities / total assets) and control by size (Total assets and operative income). Understanding the factors which determine companies’ failure, eases administrators on appropriate decision making, taking required measures to avoid non-compliance events that risk financial survival and stability of the enterprises.
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    Reestructuración de pasivos y su efecto en la probabilidad de default de una compañía
    (Universidad EAFIT, 2020) Palmett Herazo, Jaiber Mauricio; Ospina Mejía, Jaime Alberto
    This paper examined the effect of debt restructuring on a company's default distance in the short and long term, based on the initial understanding of the probability of default by sector and size of companies in Colombia and firms that were liquidated. This task was carried out by applying the Merton model (1974) to the companies that form the insolvency base of the Superintendencia de Sociedades as of December 2019 and to the company Avianca Holdings S. A. As a result, the short-term and total default probability for Avianca measured before and after restructuring is obtained. These results allow to compare the probabilities of the different classifications of companies and conclude on the effectiveness of the restructuring carried out by Avianca.